Interestingly, on both the weekly and the daily chart, the leading indicator is in a super bullish range as per the RSI range shift rules. The daily MACD stays bullish as it is trading above its zero line and signal line. The histogram is suggesting a pickup in the upside momentum.

The stock of Emami Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout. Bollinger Band Squeeze occurs when the volatility falls to low levels and the band narrows. A volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.

From the low of Rs 2,910, which was registered on March 25, 2020, the stock of UltraTech Cement Limited has maintained its rhythm of higher highs & higher lows. The stock gained more than 84 per cent from its 52-week low and has given over 32 per cent returns from year-to-date. 

The stock of Quick Heal Technologies has formed a spinning top candlestick pattern as of March 27, 2020, and thereafter, marked the sequence of higher tops & higher bottoms. The stock has witnessed more than 190 per cent upward momentum from its 52-week low to the high of Rs 183.30 level. 

The stock of Cholamandalam Financial Holdings Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

On Monday, the stock had given a breakout above the neckline of a double bottom formation. This breakout is confirmed by the above 50-day average volume. Additionally, the stock had formed a sizeable bullish candle on the breakout day, which adds further strength to the breakout.

The stock of Coromandel International has given an ascending triangle breakout on the daily timeframe. Further, the breakout is supported by a robust volume of more than 3 times of the 50-day average volume, indicating a strong buying interest by the market participants.

Interestingly, the leading indicator i.e. the 14-period daily RSI has also given a symmetrical triangle pattern breakout, which is a bullish sign. The daily ADX is currently quoting at 24.63 levels and it is in a rising mode.

On Monday, the stock had given a neckline breakdown of Adam & Adam double top pattern. Along with this neckline breakdown, the stock, after a span of almost 33 trading sessions, had closed below its crucial short-term moving average i.e. the 20-day EMA. 

The stock of Firstsource Solutions Limited was trading in an upward channel since October 2020. However, on Monday, the stock has given a breakdown of the upward sloping trendline of the rising channel, which suggests a correction before another northward journey.